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22 March, 01:55

Sunland Company incurs these expenditures in purchasing a truck: cash price $27,210, accident insurance (during use) $1,570, sales taxes $1,840, motor vehicle license $670, and painting and lettering $2,490.

What is the cost of the truck?

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Answers (1)
  1. 22 March, 05:05
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    Cost of Truck = $31,540

    Explanation:

    given data

    cash price = $27,210

    accident insurance = $1,570

    sales taxes = $1,840

    motor vehicle license = $670

    painting and lettering = $2,490

    to find out

    cost of the truck

    solution

    as we know that Accidental insurance and the vehicle license are not include in cost of truck

    because there are yearly costs

    so that cost of the truck will be as

    cost of the truck = cash price + sales taxes + painting and lettering ... 1

    put here value we get

    Cost of Truck = $27,210 + $1,840 + $2,490

    Cost of Truck = $31,540
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